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CNBC
Aug 28, 2009 8:00pm EDT
and limited government that spur our economic growth over a period of time can be used to help out on the health care reforms. why not put these market principles to work? health care by the way is one of america's greatest industries and job creators. if we leave it alone and don't stifle it with a government takeover, health care will help us get a big prosperity boom in the next five to 10 years and longer. that's my take. i want to turn it over to my great friend, mary thompson, on "cnbc reports." mary, you're talking about the great recovery. >> we have a great show ahead, larry. thank you so much. "cnbc reports" starts right now. >> tonight on "cnbc reports." the bulls take a break and the bears win the day but there are several big names that have been down in the dumbs making a comeback now. on that list, aig. look at this chart. up 275% in a month. what's making this stock jump? fannie, freddie, bank of america, citigroup also making moves. in depth on the widely held stocks on the st. if almost everyone else owns them, shouldn't you? what we will learn from the kua kuants. >
CNBC
Aug 4, 2009 8:00pm EDT
us away from those principles and yes the rocket ship is ready to launch but the massive concrete pillars being attached by our government to restrain that incredible growth business can produce if left alone. it's not being left alone. >> two levels, one, the government policy coming into place with tax increases and cap and trade and health care tax and the other is attitude. president obama in a trip a few months ago overseas was asked do you believe in the concept of american exceptionalism goes back to early 1800s. he said, sure, i believe in american exceptionalism in the same way a brit would believe a britain is exceptional and france. i got tell you there, no usa. i almost feel at high levels of the government, it's embarrassment to be american. >> absolutely. it comes from our universities and professors embarrassed to be americans. when i go to university campuses and talk and i do that a lot. the one thing the students boo me the most for, when i stay this his the greatest country for human history and still is the greatest country, not because of government but in spi
CNBC
Aug 6, 2009 8:00pm EDT
, when people make money, companies are successful, that's good for all of us, that helps our economy and a huge boon to anybody looking at the bottom line. we should all be rejoicing at this point goldman was able to pump more money into the system. >> those bonuses people get so upset about, they don't understand all year long the biggest fat cats at the firm work for only 10% of their total pay. at the end of the year, after the firm realizes how well they've done, they parcel out bonus, a bad year, only gate little, a good year, a lot. bonuses aren't in addition to 100% of your pay. >> we had this discussion every night. you get a bonus for a job well done. i hardly think goldman sachs did a job well done last year. i think they were partially responsible for the collapse of the economy last year. if you're basing it on that, i'm not sure why goldman sachs deserved a t.a.r.p. bailout by hank paulson. >> the t.a.r.p. bailout was done to save the economy, not save the banks, they called in nine banks and said you're taking this money. >> it's part and parcel the same thing. you can'
CNBC
Jul 31, 2009 8:00pm EDT
. what about this thousand trade thing? tell us about this. >> an asset allocation thing out of bonds and s&p futures. the reason for this is money managers behind it right now trying to catch up, waiting for that elusive pullback we haven't seen yet. we're expecting these players have to get into the market once the thousand level is broken and obviously get out of lower yielding assets and take a chance on s&p. >> right. what we're talking about, people will feel confident enough to take on a little more risk for higher returns on their money. this s&p thousand number, one reason it's important, psychologically, people go wild and the need beyond others have to catch up to that, don't they. >> exactly. you look at etf that performs this year, we had triple qs and smh and oil service holders we've been long for some time now.w. the basic reason for that is because the flows are going well into nasdaq, more aggressive risk averse stocks. as well as the oil, commodity, deflation trade and smh has been the benefit of being overweight, more of the nasdaq type stocks that have been
CNBC
Aug 7, 2009 8:00pm EDT
the recession. an old mentor of mine at the "wall street journal" used to say bare ass out on a limb. then a report came in from one of the biggest brokerage firms in the world, merrill lynch declared recession is over. then a cover story in "newsweek" magazine, head line "the recession is over." since june 25th, even though stocks were up 38% from lows in march, since june 25th. watch what happened?w since my recession over proclamation, the dow closed 113 points today, up 13% during that time. nasdaq breaks the thousand mark and s&p 500 is up 13 points today and ends the week above 1,000 and up 12% since my june 25th declaration. look at the jobs picture.w the unemployment rate was at 9.5%. everyone expected it to rise gw another tick on the way up to 10%. instead, the rate today fell a 10th of a point, 9.4.gw take a look at that chart with that lovely v. look where job losses started in july of '08, how much worse they got by january 7th. 40,000, today, less than 250,000 and counting. it's painful, today's number but way less painful than it was inw january. look at this lovely
CNBC
Aug 3, 2009 8:00pm EDT
would have us believe? more innovators, more adaptable than even president obama believes we are. michael darta is a believer, he put out a note today saying the new ism manufacturing numbers that came in and lifted the markets, they promise the economy will grow better than 3% next year, that would be half gain higher than wall street expects. 3% growth in gdp would be more than $400 billion in extra economic activity next year, and the stock market is is the ultimate leading indicator. today surged up past that 1,000 mark closing at 1,002 and change. the nasdaq cracked the 2,000 mark jumping 30 points to 2008. and the dow jones fired off another nice triple digit gain up 115 points or so to close up near 9,300. dow 10,000? here we come. now a couple of recovery killers loom. factors that could render us tax americana. and they boil down to this. obama-care, obama tax increases, obama anti-capitalist rage.. but for now, this summer rally is for real. what happened today?y? what does crossing the 1-k barrier in the s&p and the 2-k level in the nasdaq mean? we are flooding the zon
CNBC
Aug 10, 2009 8:00pm EDT
a step ahead on this one. a lot of the same factors and circumstances that got us to the same point last year are going to rear their head again. >> those factors would be ease evil speculators. >> i don't blame the speculators. i blame ourselves for importing 2/3 of our oil, and the intense competition that represses resource for china. >> so john thinks $100 a barrel this year. you don't see $86 barrel until 2012. >> yeah, if we get there at all. right now, there is a tremendous amount of global catastrophe. there is also an extremely large inventory building up everywhere oil can go. right now, i think it's going to take something more than an economic recovery. you're going to need something like a reincarnation for us to get to $100 a barrel.. >> what do you want to tell us about speculators and their role in getting oil -- getting it to 85 or $100 a year? >> there is no doubt that speculators i think have currently drirven the price up beyond the market fundamentals, and goldman sachs and other banks are predicting that the sky is the limit. and so until congress and the cftc
CNBC
Aug 11, 2009 8:00pm EDT
demagoguery. we're still all of us mad at wall street for wrecking our portfolios and scaring us half to death. but this backlash threatens to hurt the very forces of business that we need to bring this economy back to life. the obama posse and federal regulators and federal judges are taking this too far. they risk overregulating wall street and overregulating health care and overtaxing capital and wealth creation. the biggest threat, congress itself. these guys are tone deaf and out of touch. finally, some parts of america are waking up and taking to the streets to say enough is enough. they're peppering politicians with questions. why mess with health insurance if 68% of americans already like their coverage? they're giving congress an earful on other gaps including private jet gate. congress authorizing $550 million for eight new private jets after calling auto executives on the carpet for flying private jets on their own. congress says it will spend instead only $220 million on only four planes as the pentagon first requested. i say cut that order to zero. it is an outrage members o
CNBC
Aug 5, 2009 8:00pm EDT
bipartisan health reform. thank you for being with us. i want to start with a very basic question. do you think it is the obligation of government to provide health care for its people? is it a basic human right of americans to have government make sure they get health care? >> i think you can make an argument there are both rights and responsibilities in our country, with respect to health care. i certainly think there ought to be a significant measure of personal responsibility. we have that in our legislation. we have 15 united states senator, both political party whose basically have said they're going to use marketplace forces to make sure that all americans get quality and affordable coverage. the congressional budget office has said our approach is the only one that doesn't add to the federal deficit. >> marketplace forces, how so? i think setting up a government program is not exactly the marketal all, you can't compete against government. >> that's not right. this is basically set up along the lines of what members of congress have. members of congress, if they subscribe to healt
CNBC
Aug 14, 2009 8:00pm EDT
finished down but staged a late day comeback that could set us up for a monday bull run. tonight we're focusing on the unfocused. we're trying to shed some certainty on the uncertain. we're asking this question -- what's the holdup with reappointing the fed chief? and is that what's holding us back from dow 10,000? >> we're seeing growth second half of the year. >> is he the man who can help us get over the hump? >>> also tonight, one government controlled bank sees signs in another government controlled bank. what's it mean for your money? a lot. and the president takes the show on the road. an unfiltered audience on the new american civil war, health care. a major question, how will we pay for it. >> you are absolutely right that i can't cover another 46 million people for free. you're right. i can't do that. >> then, what can you do and what will you do? we're starting to get some more answers tonight. want the real deal with dennis neal? no problem. "cnbc reports" starts right now. >>> good evening. i'm dennis neal. that was a smack in the face on a friday, wasn't it? stocks give u
CNBC
Aug 21, 2009 8:00pm EDT
and maybe bring us down to a 10 to 15% correction. and here's why i think the dollar is going to strengthen. because the money supply growth has stopped dead in its tracks. the balance, the monetary base has been contracting at a 26% annual rate, m-2 is flat, and banks are no longer lending money. they stopped lending. year-over-year growth of loans and leases is now negative. this is a bear market, it will continue on the downside, and if it goes to 10,000, i'd short it aggressively. >> i don't know, jim, there's a lot of people talking about the dollar weakening, and some people even predicting a freefall for the dollar. >> i'm not predicting a free fall yet, but i think it's a danger we have to look at. the government has thrown so much stimulus at it and it's trending lower. just yesterday in the shanghai daily, some news from a china official says china is wary about fiscal responsibilities in the united states or something like that. when there's talk of that that other nations might not look to the dollar to be their store wealth, going to look somewhere else, then all of
CNBC
Aug 12, 2009 8:00pm EDT
insurance companies want to perpetrate on us and say, here's more. why can't there be one plan for everybody? what you get, what i get, they get. >> people are legitimately angr angry. >> i'd like to introduce two special guests tonight. jay thomas who hosts his own radio show on sirius xm and probably recognize him from cheers and played eddie la beck and murphy brown and comedian commentator from wsa radio and some people say are kind of funny. the pressure is on, nick. do you think the opposition to obama-care is one big fake republican fueled conspiracy? >> no, i don't. those are real people. this is a real issue. they're really pissed off about it because it's personal this time. >> you can say pissed because i said it in the opening. >> i notice you said this is from the heartland. they have jersey accents in the heartland. these are real issues, how many times do you get to yell at your congressman face to face. this is beautiful. >> isn't that part of the democratic process anyway, isn't that what obama supporters should be doing to these, too. >> looked like you were talki
CNBC
Aug 13, 2009 8:00pm EDT
than what the numbers tell us. remember, you feel better first, then the economy turns up as a result. not the other way around. and lesson number five, this is the most important one. america is tougher and more engaged and resilient than h americans realize. moments after the bad news came out this morning, i started hearing from bears and bloggers. they were delighted. in thele markets open and stocks began to rise in spite of the headlines. when markets closed up today, i didn't hear from any of them. let's weigh in with some bulls and bears. we've got randy bateman and bearish scott redler. we also have paul bicochy and john brown of europacific capital. what about my lessons? and what about a better recovery than anyone thinks. what about randy bateman? >> i think i agree with you. there's a lot of money sitting on the sidelines that are ultimately going to sink their way into the marketplace. i think the longer that this positive market force will move forward, i think that's going to draw more and more of that capital into play because the yields are just compelling. th
Search Results 0 to 12 of about 13